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POINTERRA LIMITED Capital/Financing Update 2024

Mar 7, 2024

64255_rns_2024-03-07_244fbf95-4da2-4ddc-aac9-1282f6ca8306.pdf

Capital/Financing Update

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ASX Announcement

8 March 2024

Pointerra awarded contract from U.S. energy utility customer

Highlights

ü U.S. energy utility customer awards Pointerra a US$1.9 million (A$2.9 million) contract
ü Pointerra3D, the Company’s AI driven analytics platform will be used to extract information and insight from 3D LiDAR and imagery data

Pointerra Limited (ASX: 3DP) (“Pointerra”; “Company”) is pleased to outline a contract award from existing U.S. energy utility customer Florida Power & Light (“FPL”).

Pointerra3D is a cloud platform for the processing and analysis of 3D LiDAR and 2D imagery. Under the contract, Pointerra will be paid to analyse lidar and imagery for FPL business cases. The Company expects to complete contract deliverables this year. The contract award is subject to normal commercial terms and conditions, including non-performance termination clauses.

This announcement has been authorised and approved for release to the ASX by the Board of Pointerra Limited.

ENDS

About Florida Power and Light. As America's largest electric utility, Florida Power & Light Company serves more customers and sells more power than any other utility, providing clean, affordable, reliable electricity to approximately 5.8 million accounts, or more than 12 million people. FPL operates one of the cleanest power generation fleets in the U.S. and in 2022 won the ReliabilityOne® National Reliability Award for the seventh time in the last eight years. The company was also recognized in 2022 as one of the most trusted U.S. electric utilities by Escalent for the ninth consecutive year. FPL is a subsidiary of Juno Beach, Florida-based NextEra Energy, Inc. (NYSE: NEE), a clean energy company widely recognized for its efforts in sustainability, corporate responsibility, ethics and compliance, and diversity. NextEra Energy is ranked No. 1 in the electric and gas utilities industry in Fortune's 2023 list of "World's Most Admired Companies" and recognized on Fortune's 2021 list of companies that "Change the World."[1]